Current SWFTC Price Analysis
The current price of SWFTCOIN (SWFTC) is **$0.0102**, reflecting a decrease of **-2.47%** over the last 24 hours. Trading activity remains notable, with 110,236,959 SWFTC coins exchanged in the same period, amounting to a trading volume of $1,128,463. SWFTC is currently listed on 13 exchanges, providing ample access for traders.
Today’s trading session opened at $0.0103, and the token has since declined by -0.40% from that level. Despite a brief rally to $0.0104, SWFTC encountered resistance and failed to sustain upward momentum. Over the past 30 days, the token’s value has decreased by -26.10%, and over the past week, it has fallen by -15.93%. However, it remains up by 6.02% from its 30-day low, though it is down -3.44% from its seven-day low.
Based on technical analysis, holding above the $0.00966 support level is crucial for SWFTC to attempt a move toward the first major resistance at $0.0103. A breakout above this level could propel the token toward the next resistance at $0.0110, with a third key resistance waiting at $0.0117. Should the price decline further, the next significant support level lies at $0.00874.
Understanding SWFTC Market Cap and Valuation
Market capitalization is a key metric for evaluating any cryptocurrency. For SWFTCOIN, the market cap is calculated based on its circulating supply and current price. This figure helps investors compare its relative size and value within the crypto ecosystem.
Fully diluted valuation (FDV) offers another perspective, representing the theoretical maximum market cap if all tokens were in circulation. It is calculated by multiplying the total supply (or max supply, if total supply is unavailable) by the current token price. This metric is useful for understanding potential long-term valuation scenarios.
Comparing SWFTC’s market cap to other cryptocurrencies provides context for its market position. Multiples such as 2x or 10x help visualize how the token’s valuation would shift relative to its peers under different price conditions.
SWFTC Coin Overview and Key Metrics
SWFTCOIN (SWFTC) is an Ethereum-based utility token launched in August 2017. It serves as the native asset of the SWFT Blockchain, a cross-chain trading and liquidity protocol designed for seamless digital asset swaps.
With a circulating supply of 4 billion coins, SWFTC holds a market cap of approximately $41 million, ranking it #465 among cryptocurrencies. The token achieved its all-time high of $0.079871 on January 10, 2018. Since then, it has experienced a significant correction but remains up by 2,123% from its historic low of $0.000461. Over the past 52 weeks, SWFTC has traded between $0.00236 and $0.0463.
When compared to other cryptocurrencies launched in 2017, SWFTC demonstrates below-average trading volume. The average trading volume for the 445 coins introduced that year is around $6 million, while SWFTC’s volume sits at approximately $1 million.
SWFTC Category Rankings and Use Cases
SWFTCOIN holds notable positions in several cryptocurrency categories based on market capitalization:
- Cross-chain: #17
- Trading & Investing: #9
- Blockchain Service: #21
- Exchange-based Tokens: #24
- Marketplace: #28
- Payments: #45
- Interoperability: #26
These rankings reflect SWFTC’s utility and adoption across various blockchain subsectors, particularly in cross-chain swapping and decentralized trading.
Frequently Asked Questions
What is SWFTCOIN (SWFTC) used for?
SWFTC is primarily used within the SWFT Blockchain ecosystem for cross-chain swaps, liquidity provisioning, and transaction fee discounts. It enables users to trade cryptocurrencies across different blockchains without relying on centralized exchanges.
How can I buy SWFTCOIN?
SWFTC is available on several cryptocurrency exchanges. You can purchase it using stablecoins or other digital assets. Always ensure you use a reputable platform and follow secure trading practices. 👉 Explore more strategies for trading altcoins
What factors influence SWFTC’s price?
Key factors include overall market sentiment, adoption of the SWFT Blockchain, trading volume, Bitcoin’s price movement, and developments within the broader decentralized finance (DeFi) sector.
Is SWFTCOIN a good investment?
Like all cryptocurrencies, SWFTC carries inherent risks and volatility. Its value depends on market conditions, project development, and adoption rates. Always conduct thorough research and consider your risk tolerance before investing.
What is the long-term potential of SWFTC?
The long-term value of SWFTC is tied to the growth of the SWFT Blockchain and the adoption of cross-chain trading solutions. As interoperability becomes increasingly important in crypto, utility tokens like SWFTC may see heightened demand.
Where can I store SWFTC safely?
SWFTC is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet. Popular options include hardware wallets for maximum security and mobile wallets for convenience. 👉 View real-time tools for portfolio management